RE: Rio signs $51 million earn-in on Zambia copper deposits28 Apr 2020 10:15
pretty poor deal for an explorer that needs the money.Sp down 8% yesterday on news confirmation, and a fraction of the historical price,their sp now stands only 25% above private placement last year. FQ will have looked at it, but given the fact that they have already failed to extend Sentinel discovery zone,and Sentinel has only .5%grades so they (or anyone else) would look at close by deposits with higher grades.we must be tempting them, even if we are stubbornly insisting on proving up our assets first. Rio's hopes are that the first two years of drilling spending (up to)$2m will show a new Sentinel,someone locally (i hear)has already discovered "massive sulphide deposits"and they have several known deposits and a SS processing plant !!!!!!!!!